US President Donald Trump’s name has long been tied to big hotels, golf resorts, and fancy condos. But now, in just a few months, Trump and his family have made more than $620 million by diving into the world of crypto.
Is Trump using his power as president to make this money? Let’s look at how he’s turning digital coins into millions.
For years, the Trump family made their money the traditional way, buying land, building towers, and putting their name on fancy buildings all over the world. But since Donald Trump returned to the White House, things have changed.
The same man who once criticized crypto has now done a complete turnaround and jumped right into it.
With their new projects like World Liberty Financial and the Trump memecoin, the Trumps are making money much faster than they ever did by selling condos.
One of their biggest money-makers right now is World Liberty Financial, which sells its tokens and runs a stablecoin called USD1, linked to the US dollar. By March, this project had sold about $550 million worth of tokens, and nearly $400 million of that went directly to the Trump family.
Earlier, Trump even offered a private dinner to the trump memecoin’s biggest holders.
To see how big this is, compare it to Trump’s old business. Last year, his company made about $34 million from licensing buildings. That’s small compared to the hundreds of millions flowing in from crypto projects in just months.
And it’s not stopping there. Trump’s family also has a stake in American Bitcoin, a company that wants to go public as a big Bitcoin miner. If that works, it could add even more to their crypto fortune.
No matter what, the Trump name keeps pulling in money. Now, instead of waiting years to finish towers and resorts, the Trumps can earn millions quickly by putting their name on digital coins.
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